The North America geogrid market size was valued at $282.0 million in 2019, and is anticipated to generate $408.3 million by 2027. The market is projected to experience growth at a CAGR of 7.0% from 2020 to 2027.
Geogrid is a geo-synthetic material formed by joining intersecting ribs and is used to stabilize terrain. It is mainly made up of polymers such as polypropylene, high-density polyethylene, and polyester. It is used as a base reinforcement to reinforce retaining walls and subsoils below roads or structures. Moreover, it is available in three types such as homogeneous-type geogrid, textile-like geogrid, and laser-made geogrid. The digging up of sub-grade from other area and then filling up the required area with that soil is a very time taking and expensive practice. Geogrids are used as a replacement material for this practice. Its remarkable property, such as minimal elongation with high tensile strength and tensile modulus makes it applicable to be used as a reinforcement material.
Increase in the infrastructure developmental activities in emerging countries has led to rise in demand for geogrids in the market. Geogrids exceptional properties such as light weight, easy handling, and high-temperature stability are the other key drivers of the market. Furthermore, reduction in maintenance cycles and cost with the utilization of geogrid is expected to propel market growth during the forecast period. However, the lack of skilled workforce in developing economies hinders the growth of the geogrid market. Moreover, increase in awareness and surge in number of R&D activities toward geogrid are the factors projected to create opportunities for market players during the forecast period.
The North America geogrid market is segmented on the basis of type, application, and region. Based on type, the market is bifurcated into uniaxial and biaxial. Depending on application, North America geogrid market is divided into road industry, rail road stabilization, soil reinforcement, and others. Based on the region, North America geogrid market analysis is done across the U.S., Canada, and Mexico.
Top players in the market are investing huge capital in R&D activities to develop enhanced products to cater to the current demands. Some of the major players in the geogrid market are Tensar Corporation, Carthage Mills, Properx Operating Company, Strata System, Maccaferri, Tdm Group, Tencate Geosynthetics, Synteen Technical Fabrics, Huesker US, and Layfield Group. Ltd.
IMPACT OF COVID-19 ON MARKET
Price fluctuation plays an important factor in market growth. Since the pandemic, the prices of crude oil have soared. Moreover, the availability of raw materials due to disruption in supply demand chain has led to hike in prices of limited stock available in the market. Thus, COVID-19 has led to increase in prices for the geogrids
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Type
By Application
By Country
KEY MARKET PLAYERS
Geogrid is a geo-synthetic material formed by joining intersecting ribs and is used to stabilize terrain. It is mainly made up of polymers such as polypropylene, high-density polyethylene, and polyester. It is used as a base reinforcement to reinforce retaining walls and subsoils below roads or structures. Moreover, it is available in three types such as homogeneous-type geogrid, textile-like geogrid, and laser-made geogrid. The digging up of sub-grade from other area and then filling up the required area with that soil is a very time taking and expensive practice. Geogrids are used as a replacement material for this practice. Its remarkable property, such as minimal elongation with high tensile strength and tensile modulus makes it applicable to be used as a reinforcement material.
Increase in the infrastructure developmental activities in emerging countries has led to rise in demand for geogrids in the market. Geogrids exceptional properties such as light weight, easy handling, and high-temperature stability are the other key drivers of the market. Furthermore, reduction in maintenance cycles and cost with the utilization of geogrid is expected to propel market growth during the forecast period. However, the lack of skilled workforce in developing economies hinders the growth of the geogrid market. Moreover, increase in awareness and surge in number of R&D activities toward geogrid are the factors projected to create opportunities for market players during the forecast period.
The North America geogrid market is segmented on the basis of type, application, and region. Based on type, the market is bifurcated into uniaxial and biaxial. Depending on application, North America geogrid market is divided into road industry, rail road stabilization, soil reinforcement, and others. Based on the region, North America geogrid market analysis is done across the U.S., Canada, and Mexico.
Top players in the market are investing huge capital in R&D activities to develop enhanced products to cater to the current demands. Some of the major players in the geogrid market are Tensar Corporation, Carthage Mills, Properx Operating Company, Strata System, Maccaferri, Tdm Group, Tencate Geosynthetics, Synteen Technical Fabrics, Huesker US, and Layfield Group. Ltd.
IMPACT OF COVID-19 ON MARKET
Price fluctuation plays an important factor in market growth. Since the pandemic, the prices of crude oil have soared. Moreover, the availability of raw materials due to disruption in supply demand chain has led to hike in prices of limited stock available in the market. Thus, COVID-19 has led to increase in prices for the geogrids
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an in-depth analysis of the Geogrid market forecast along with the current and future market trends
- This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period
- Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the global Geogrid industry for strategy building
- A comprehensive Geogrid market analysis covers factors that drive and restrain market growth
- The qualitative data in this report aims on market dynamics, trends, and developments
KEY MARKET SEGMENTS
By Type
- Uniaxial
- Biaxial
By Application
- Road Industry
- Railroad Stabilization
- Soil Reinforcement
- Others
By Country
- U.S.
- Canada
- Mexico
KEY MARKET PLAYERS
- Tensar Corporation
- Carthage Mills
- Properx Operating Company
- Strata System
- Maccaferri
- Tdm Group
- Tencate Geosynthetics
- Synteen Technical Fabrics
- Huesker US
- Layfield Group. Ltd.
Table of Contents
Chapter 1. Introduction
Chapter 2. Executive Summary
Chapter 3. Market Landscape
Chapter 4. North America Geogrid Market, by Type
Chapter 5. North America Geogrid Market, by Application
Chapter 6. North America Geogrid Market, by Region
Chapter 7. Competitive Landscape
Chapter 8. Company Profiles
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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